Cash Flow Forecasting

Cash flow reserves and forecasting are important entities in running a business - a thorough business plan and strategies mean nothing if your business doesn’t have enough money to pay the bills. Astoundingly, only 50% of small businesses have less than 30 days of cash on hand. Poor planning, forecasting, and accounting complexities can often hinder progression, but this is where Foresight Accounting can help eliminate these impediments and help be “an early warning system” for your business. Cash flow forecasting can seem complicated and daunting, but it is a critical process that shows how much cash your business is expected to generate and what is needed to fund future growth and cash reserves. By eliminating these complexities, Foresight’s cash flow forecasting services can:

• Track your company’s cash flow, so you always know where the inflow of cash comes from and where it’s spent.

• Maintain a rolling, 6-month cash flow forecast to see the cash impact(s) of any business decisions that are made.

• Track and provide relevant KPI reports and metrics that are critical to cash flow.

• Provide consistent, transparent reviews on a scheduled and ongoing basis to help forecast your business cash flow.

As a certified CashFlowTool partner, Foresight syncs their services with QuickBooks to provide seamless, transparent, and detailed cash flow forecasting services. By providing expertise to translate complex, confusing accounting records into clear, understandable data, Foresight can help your business make important short-term decisions to reach the next milestone. Foresight’s cash flow forecasting can help your business understand:  

• Where cash came from and how it was spent went last week/month.

• How much cash is in the bank, and if there are any critical unpaid bills or open invoices and receivables outstanding that need immediate action.

• An informed expectation of the cash inflows, cash outflows, and your resulting cash balance will be over the next 3 to 6 months.

• Attainable action items to help make the proposed cash flow forecast a reality.

These imperatives can help keep your business on track and maximize output. Foresight Accounting can enable automation, explore different financial scenarios to see how they will impact your future cash reserves, and integrate with your accounting system to pull relevant data, run analysis and maximize your efficiencies. Foresight is with your business every step of providing visibility into current and future cash position, a clear understanding of your business financial viability decisions, and confidence to help you meet and exceed your next financial phase.